Smartsheet (NYSE:SMAR) Releases FY 2025 Earnings Guidance

Smartsheet (NYSE:SMAR) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.060-1.130 for the period, compared to the consensus estimate of 0.940. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion. Smartsheet also updated its FY25 guidance to $1.06-1.13 EPS.

Smartsheet Stock Down 2.3 %

NYSE SMAR traded down $0.96 during trading on Thursday, hitting $40.30. The company’s stock had a trading volume of 2,708,099 shares, compared to its average volume of 1,241,290. The firm has a 50 day moving average price of $44.71 and a 200 day moving average price of $43.21. The firm has a market cap of $5.49 billion, a P/E ratio of -38.38 and a beta of 0.75. Smartsheet has a 52 week low of $37.31 and a 52 week high of $52.81.

Analyst Upgrades and Downgrades

SMAR has been the topic of a number of recent analyst reports. BMO Capital Markets reduced their price objective on Smartsheet from $52.00 to $48.00 and set an outperform rating on the stock in a research note on Monday. DA Davidson reissued a buy rating on shares of Smartsheet in a research note on Wednesday, December 6th. Citigroup raised Smartsheet from a neutral rating to a buy rating and upped their price target for the company from $56.00 to $63.00 in a research note on Thursday, January 11th. KeyCorp upped their price target on Smartsheet from $52.00 to $53.00 and gave the company an overweight rating in a research note on Friday, December 8th. Finally, Bank of America began coverage on Smartsheet in a report on Monday, February 26th. They issued an underperform rating and a $45.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $53.06.

Insider Activity at Smartsheet

In other news, insider Jolene Lau Marshall sold 2,247 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $47.10, for a total value of $105,833.70. Following the transaction, the insider now owns 14,376 shares of the company’s stock, valued at $677,109.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CRO Michael Arntz sold 7,572 shares of Smartsheet stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $44.81, for a total value of $339,301.32. Following the transaction, the executive now owns 7,148 shares in the company, valued at $320,301.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jolene Lau Marshall sold 2,247 shares of Smartsheet stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $47.10, for a total value of $105,833.70. Following the completion of the transaction, the insider now owns 14,376 shares in the company, valued at approximately $677,109.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,904 shares of company stock worth $1,140,108. Insiders own 4.71% of the company’s stock.

Institutional Trading of Smartsheet

Several large investors have recently modified their holdings of SMAR. Captrust Financial Advisors boosted its position in Smartsheet by 202.7% during the 2nd quarter. Captrust Financial Advisors now owns 3,530 shares of the company’s stock valued at $111,000 after acquiring an additional 2,364 shares in the last quarter. State of Wyoming boosted its position in shares of Smartsheet by 18.5% in the 2nd quarter. State of Wyoming now owns 3,243 shares of the company’s stock worth $124,000 after purchasing an additional 506 shares in the last quarter. KBC Group NV bought a new stake in shares of Smartsheet in the 4th quarter worth approximately $127,000. Tower Research Capital LLC TRC boosted its position in shares of Smartsheet by 15.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,602 shares of the company’s stock worth $146,000 after purchasing an additional 477 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Smartsheet by 39.1% in the 1st quarter. Advisors Asset Management Inc. now owns 3,212 shares of the company’s stock worth $176,000 after purchasing an additional 903 shares in the last quarter. 88.99% of the stock is owned by institutional investors.

About Smartsheet

Smartsheet, Inc engages in managing and automating collaborative work. Its platform provides solutions that eliminate the obstacles to capturing information, including a familiar and intuitive spreadsheet interface as well as easily customizable forms. The company was founded by W. Eric Browne, Maria Colacurcio, John D.